European SRI Transparency Code
Tracing its roots to the European Transparency Guidelines unveiled in 2004, the European SRI Transparency Code (the Code), first launched in May 2008, primarily aims at increasing accountability and clarity of SRI practices for European investors. The principle driving the Code is that asset manager signatories should be open and honest, and disclose accurate, adequate and timely information to enable stakeholders, in particular retail investors, to understand the policies and practices of a given SRI fund. The Code focuses on SRI funds distributed publicly in Europe and has been designed to cover a range of asset classes. As of December 2013, more than 500 funds from over 50 signatories have adopted the Code. This compares with a total of 884 SRI funds publicly distributed in Europe. The Code has also been made a mandatory requirement by a number of national SRI labels or trade associations in Europe. Interest in the Code continues to grow and as a further step in their implementation, Eurosif wishes to improve the responding process and visibility of the Transparency Code and the funds’ responses. Towards this objective, Eurosif has created a logo specific to the Transparency Code
which can be used by signatories once their responses to the Code have been updated and reviewed by their national Sustainable Investment Forum.